CLIENT CALL WITH TIM BRASIL CEO: ALBERTO GRISELLI

We think investors should be focused on the Brazilian telcos market right now. We will explore:
• Run through of Q2 22 results (release after close on August 1)
• The significant potential upside from the expected change in ICMS ruling on the sector (see ICMS Savings could lift EBITDA by 20%)
• Progress made over the Summer integrating Oi Wireless
• 5G launch efforts and pricing opportunities